National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for India
Growth rate same period previous year, Annual
NAEXKP06INA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.41
Year-over-Year Change
77.78%
Date Range
1/1/2013 - 1/1/2024
Summary
The 'Growth rate same period previous year, Annual' trend measures the year-over-year change in real GDP for the United States. This metric is a key indicator of economic growth and a critical data point for economists and policymakers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This annual growth rate is calculated by comparing a given year's real GDP to the previous year's real GDP, providing insight into the overall health and momentum of the U.S. economy. It is widely used to analyze macroeconomic performance and inform fiscal and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive reporting on national income and product accounts.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge the strength and direction of the U.S. economic expansion or contraction.
Key Facts
- The U.S. economy grew by 2.3% in 2022 compared to 2021.
- Real GDP growth reached a high of 6.9% in Q4 2021.
- The COVID-19 pandemic caused a sharp economic contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Growth rate same period previous year, Annual' measures the year-over-year change in real GDP for the United States, providing insight into the overall pace of economic growth.
Q: Why is this trend relevant for users or analysts?
A: This annual GDP growth rate is a critical indicator of the health and momentum of the U.S. economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis as part of its comprehensive reporting on national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this GDP growth rate trend to gauge the strength and direction of the U.S. economic expansion or contraction, informing fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The annual GDP growth rate data is typically released with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Growth rate same period previous year, Annual (NAEXKP06INA659S), retrieved from FRED.